Keep up with what's happening in the crypto world in real-time.
All Filters (1)
TL;DR Tron has raised its energy cap to 120 billion to reduce traffic and transaction costs associated with meme coins, according to an announcement by Justin Sun. Proposal No. 92 aims to lower gas fees and increase daily transactions to over 20 million in the next three months.
Toncoin Rivals Solana (SOL), Tron (TRX), and Avalanche (AVAX) are gaining traction amid the recent arrest of Telegram CEO Pavel Durov in France. Following the report, the TON price plunged from $6.8 to $5.5— a 19% decrease within 72 hours.
The Tron price has continued to display strong bullish action by adding significant value to its portfolio amid the ongoing market recovery. Further, Tron-based altcoins have recorded a similar action with some tokens experiencing a three-digit gain this month.
On Sunday, Tron (TRX) founder Justin Sun announced that the community has approved raising the network's energy cap to 120 billion. This was necessary following last week's congestion due to activity on SunPump platform.
Tron increases its energy cap to 120 billion to increase network activity and lower gas fees.
Amid the ongoing crypto bullish rebound led by Bitcoin (BTC), Tron (TRX), a top-tier layer one (L1) blockchain, has emerged as a leader in the large-cap altcoins. According to the latest market data, TRX price traded about $0.165 on Monday, up around 4 percent in the past 24 hours.
The Tron (TRX) network is making headlines with its burgeoning meme token sector. Emulating successful strategies from competitors like Solana—known for its popular meme tokens such as BONK and Dogwifhat (WIF)—Tron is set to make waves with its own innovations in meme coins.
Following the meme coin frenzy on Tron's SunPump platform last week, the development team undertook the work of boosting Tron Netowrk's energy limit in order to declutter the congestion and bring transaction fees under control. As a result, the TRON community has successfully managed to raise the energy cap to 120 billion, announced founder Justin
Telegram founder Pavel Durov's recent arrest in France, has led to industry-wide attention and support from prominent voices including Tron founder Justin Sun.
The crypto market has experienced a significant uptick, driven by positive investor sentiment and promising technological advancements.
Tron (TRX) ecosystem is in the spotlight because of its meme tokens taking off. As one of the industry's most dominant Layer 1 networks, the protocol is now implementing the play-books of rivals like Solana.
The Tron DAO Reserve has withdrawn 12,000 BTC, valued at approximately $730 million. This significant move has raised eyebrows within the crypto community, especially as Tron founder Justin Sun attributes the withdrawal to the over-collateralization of the Decentralized USD (USDD) stablecoin.
TRX just hit its highest price since May 2021, climbing to $0.16.
The world's largest stablecoin issuer, Tether, minted an additional $1 billion worth of USDT on the Tron network. The mint occurred due to the rising demand for stablecoins in the crypto arena.
TRON (TRX) price has recently exhibited a notable bullish trend, climbing over 20% in the past week. The price of TRX is currently riding a wave of positive momentum, mirroring gains seen across global markets.
Ethereum grapples with challenges like slow transaction speeds and high fees, Tron (TRX) is emerging as a promising alternative in the blockchain space. With its focus on efficiency and affordability, Tron is quickly being recognized as a potential challenger to Ethereum.
Looming rate cuts and better-than-expected economic developments have fueled demand for riskier assets.
Recent data shows that the Tron network has overtaken Solana as the leading platform for meme coin trading. This feat follows Tron's meme coin launchpad, Sunpump, which has overshadowed Solana's Pump.fun.
As the crypto market changes over time, people will always look for new opportunities to earn. One good sign is that a well-known analyst in Ripple (XRP) and Tron (TRX) has spoken about Intel Markets (INTL) being an 11x coin, which has made many people interested in it.
The removal of 12,000 BTC—worth approximately $726 million—from its collateral address has left USDD primarily reliant on TRX. TRX is the native token of the Tron blockchain.
This week, BTC, BNB, and TRX turned bullish with sustained gains. Will the rally continue over the weekend?
Amid the memecoin frenzy on the Tron network, Justin Sun is facing backlash for the controversial removal of over $700 million in Bitcoin (BTC) as USDD's collateral without the Tron DAO Reserve's vote. Sun has now addressed the situation after the move raised concerns about the stablecoin's decentralization.
The crypto coins market is poised for a significant rebound, with several coins predicted to triple in value. This comes ahead of the US Federal Reserve's rate decision in September.
TL;DR TRON's Revenue Surge: TRON achieved a record-breaking revenue of $5.33 million, driven by the launch of SunPump, a memecoin deployer that generated $1.14 million in just 11 days. Future Predictions for TRX: Analysts forecast a 22.59% increase in TRX's price, reaching $0.190687 by August 24, 2024, supported by bullish market trends and technical indicators.
